The Treasury Department has made permanent a major rollback of corporate ownership reporting requirements, exempting US companies and US persons from reporting beneficial-ownership information to the Financial Crimes Enforcement Network.
The final rule took effect on 14 August 2026, formalising exemptions first introduced through an interim final rule in March 2025. FinCEN has also said it is implementing a process to delete previously submitted information that it reasonably believes was provided by US persons, including information from company applicants, beneficial owners and recipients of FinCEN identification numbers.
